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Toys 'R' Us plans to redeem $400 million 7 7/8% senior notes in full
By Ashley Montgomery
Kansas City, Kan., July 26 - Toys 'R' Us, Inc. plans to use the proceeds from an offering of senior notes to redeem all of its $400 million of 7 7/8% senior notes due 2013, according to a news release.
The new notes are being offered to qualified institutional buyers in the amount of $350 million. The notes will be due in 2017.
Toys 'R' Us is a Wayne, N.J.-based toy retailer.
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